Curated News
By: NewsRamp Editorial Staff
October 24, 2024
Historic $5.54 Billion Settlement for Visa and Mastercard Processing Fees
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- Merchants can recoup up to 1-1.5% of their total gross processing volume from the $5.54 billion settlement, providing significant financial relief.
- CardSettlement provides expert assistance throughout the claims process, handling every aspect of the claim submission, documentation, and real-time updates.
- The $5.54 billion settlement offers a much-needed remedy to offset years of excess costs for merchants, providing financial relief and transparency.
- Visa and Mastercard's violation of antitrust laws resulted in a historic $5.54 billion settlement, offering a remedy for businesses burdened by excessive fees.
Impact - Why it Matters
This news matters for business owners as it provides significant financial relief for businesses burdened by excessive fees, offering a chance to recoup a portion of the high costs they incurred from Visa and Mastercard's unfair business practices.
Summary
A $5.54 billion settlement has been reached for U.S. businesses that accepted Visa and Mastercard payments from 2004 to 2019, addressing inflated processing fees. CardSettlement is offering expert assistance to help merchants recoup up to 1-1.5% of their total gross processing volume, with no upfront costs.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Historic $5.54 Billion Settlement for Visa and Mastercard Processing Fees
